Bradley Beach NJ Real Estate Forecast

On the heels of yet another interest rate cut from the Fed, the National Association of Realtors is expecting the volume of Bradley Beach NJ real estate sales of existing homes to hold steady through late spring, with a gradual recovery during the second half of the year as the mortgage situation improves in high-cost areas.

The federal funds rate was cut by another ¾ of a percentage point last week, bringing the rate to 2.25% – the lowest it has been since 2004.  This move also marks the second of back-to-back cuts of ¾ of a percentage point. 

Along with lower interest rates, Lawrence Yun, NAR chief economist, said many buyers have been waiting for higher mortgage loan limits.  “The higher loan limits for both FHA and conventional loans will increase consumer choice and provide greater access to lower interest rate mortgages in high-cost regions,” he said.  “Therefore, a notable rise in home sales can be anticipated in the second half of the year.” 

To get the latest market activity and statistics for Bradley Beach NJ real estate, please call me at 732-775-2774.  You may also visit PatrickParkerHomes.com and begin searching for Bradley Beach NJ real estate here!

Bradley Beach NJ Homeowners Beware of Real Estate Foreclosure Scams!

Even with the recent congressional relief plan, many Bradley Beach NJ homeowners have still found themselves unable to pay their mortgages and are ending up in foreclosure.   Although this CBS News video centers on a scam artist in Southern California, it is important viewing for all Jersey Shore homeowners who may be facing foreclosure.  As the video shows, it is too easy to be taken advantage of by scam artists trying to make a buck off the vulnerability of others.

Remember, if you may be facing foreclosure – or if you are interested in investing in foreclosures – the best resource is an experienced Realtor who can help explain your options.  To learn more about Bradley Beach NJ real estate, please call me at 732-775-2774 or visit PatrickParkerHomes.com.  You may also begin searching Bradley Beach NJ homes here!

Bradley Beach NJ Real Estate Update

Attention, potential homebuyers!  CNN.com is reporting that now is the best time since 2004 to make the move and buy a home.   

This article shows the nationwide research and statistics which prove that, in general across America, prices are dropping as interest rates remain low.   

For more detailed information about the Jersey Shore area or Bradley Beach NJ real estate, please call me at 732-775-2774 or visit PatrickParkerHomes.com.  You may also sign up to receive automated emails of new listings that match your criteria here!

Bradley Beach NJ Home Improvements Go Green

Spring is right around the  corner, and many Jersey Shore homeowners are starting to plan home improvement projects to spruce up their property.  With so many environmentally-friendly “green” options available these days, it may be overwhelming to figure out how exactly you as a homeowner can make changes.  This article from RealEstateJournal.com details five ways homeowners can add “green” upgrades, saving money and increasing their property’s value at the same time.  Below is the list of suggestions, check out the article for full descriptions of each item:

 

• Washers that save energy and water
• Toilets that conserve water
• No-VOC paints
• Smart thermostat applications
• Low-flow faucets and showerheads

To learn more about owning a Bradley Beach NJ home or Bradley Beach NJ real estate, please visit PatrickParkerHomes.com, or call me at 732-775-2774.  You may also begin searching for homes here!